Citi Looks For Stabilization In Gold Prices, Upbeat On Palladium

Citi Research looks for gold to stabilize for the rest of 2014 and is most bullish on palladium among the precious metals. The bank has revised its forecast to $1,300 gold in 2014, followed by $1,365 next year.
“Essentially we see stabilization in gold prices through this year in a $1,290/oz.-$1,350/oz. range, with stronger physical market activity from retail investors, ETF (exchange-traded-fund) flows and central banks essentially limiting any potential downside moves,” the bank said………………………………………..Full Article: Source